This cluster is routine in dollar terms and does not signal material negative information. The CTO's larger sale may be diversification or tax planning, not a bearish call. Monitor for any upcoming earnings or material events that could explain the timing, but no immediate action is warranted.
Price Chart
Executive Summary
A cluster of 5 Nayax insiders, including the CTO/co-founder, CFO, CSO, CEO of North America, and CRO, sold a total of ~$1.48M in shares over a 7-day window. The CTO's sale of $1.27M (86% of the cluster value) at $76.48 is the dominant trade, while the CFO and CRO sold smaller amounts at a lower price ($68.06) on the last day, suggesting potential price weakness. The cluster is 100% selling with no insider buying, and the total value represents ~0.06% of the $2.4B market cap, which is below the 0.1% threshold for materiality — making this a routine, non-informative cluster despite the number of participants.
Key Financial Metrics
Key Facts
- 5 insiders sold shares totaling ~$1.48M over 7 days (May 28 – June 4, 2026)
- CTO/co-founder David Ben-Avi sold 16.6K shares for $1.27M at $76.48 — 86% of total cluster value
- CFO Manor Sagit sold 489 shares for $33K at $68.06; CRO Oren Tepper sold 260 shares for $18K at $68.06
- CSO Aaron Greenberg sold 440 shares for $32K; CEO North America Carly Furman sold 1.8K shares for $129K
- Total cluster value is ~0.06% of $2.4B market cap — below the 0.1% materiality threshold
- No insider purchases in the cluster; net direction is 100% selling
- Recent 30-day insider activity shows 10 sells totaling $4.8M, consistent with ongoing selling pattern
Financial Impact
Total insider sales of ~$1.48M represent 0.06% of market cap — trivial and routine
Risk Factors
- Insider selling pattern could accelerate if fundamentals deteriorate
- CFO and CRO selling at lower prices ($68.06) vs. CTO's $76.48 may indicate price sensitivity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NYAX-1780919092696 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | Press Release | $48.30 $46.61 | ▼ −3.49% | ▼ −3.25% | $50.41 (+4.38%) |
Oct 2, 2026 24d ago | Insider Cluster | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.41 (+2.88%) |
Oct 1, 2026 25d ago | 6-K | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.41 (+2.88%) |
Oct 1, 2026 25d ago | Press Release | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.41 (+2.88%) |
Sep 30, 2026 26d ago | Insider Cluster | $47.71 $48.25 | ▲ +1.13% | ▲ +0.95% | $50.41 (+5.66%) |
Sep 29, 2026 27d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $50.41 (+13.10%) |
Sep 29, 2026 27d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $50.41 (+13.10%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $50.41 (+12.65%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $50.41 (+12.65%) |
Sep 22, 2026 4w ago | Insider Cluster | $43.33 $42.63 | ▼ −1.62% | ▼ −0.90% | $50.41 (+16.34%) |
US Market Status
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